Loan

Richland Hill Housing Loan

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1. Introduction

With the product of Richland Hill Housing Loan, DongA Bank brings you an opportunity to purchase your very own high-class apartment. With high credit limit up to 95% of apartment value, customers can enjoy a perfect and comfortable life inside this premiere apartment faster and easier.

2. Description of product

  • Loan term: maximum 20 years.
  • Credit line:
    • Maximum 50% of apartment value (backing assets is the purchased apartment itself)
    • Maximum 80% of purchased apartment (backing assets is the other ones), but not more than 70% of backing assets value.
    • 95% of purchased apartment (backing assets is DongA certificate of deposit), but not more than 95% of value of savings book.
  • Preferential loan interest rate:
    • From 1st year to 5th year: 10.5%/year
    • From 6th year onwards: As provided by DongA Bank from time to time.
  • Quick approval of loan application.
  • Loan payment method:
    • Monthly payment of interest, monthly/quarterly payment of principal. Especially: Customer may select payment method: monthly payment of interest, end-term payment of principal.
    • Balance in customer's card account will be automatically deducted by DongA Bank system to collect debt on due date.

3. Benefits

  • Card registration fee: free of charge
  • First year annual fee: free of charge


4. Eligible customers and application conditions

  • Being the principal owner of Richland Hill Multi-Functional Card of DongA Bank Multi-Functional card.
  • Having the own fund with minimum of:
    • 50% of apartment value (if backing assets is  the purchased apartment itself)
    • 20% of apartment value (if backing assets is the other one)
    • 5% of apartment value (if backing assets is DongA savings book)
  • Having stable income and capability to pay debt.


5. Loan application procedure

  • ID card/Passport, Family record book/KT3 of the borrower and joint debt payer
  • Documents demonstrating loan use purpose. Price quote, Deposit agreement, Contract for apartment purchase and sale in the project, Agreement minutes, Payment receipt et etc.
  • Documents interpreting of income source for debt payment.
  • Documents of collateral security (if using other assets as collaterals).


6. Contacts:

For enquiries or further instructions, please contact:





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